United Kingdom
United States
Asia Pacific
Travelzoo closing loss-making Asia business
Travel deals platform Travelzoo will exit Asia Pacific after several years of struggles in the region.
Losses for the past two years in APAC have wiped out much of the gains from the strong North America and Europe businesses.
It announced a revenue decline of 12% in Asia during an earnings call earlier this month, and had consistently said it would pull the plug in Asia if it cannot create ‘shareholder value’ by 2020.
"Unfortunately, the uncertainty about economies in Asia Pacific does not, in our opinion, allow us currently to deliver the shareholder value within the promised timeline and without further operating losses from this segment," said Travelzoo global CEO Holger Bartel.
Last year the APAC business accounted for 5.7% of Travelzoo’s global revenue.
By ditching APAC, it will significantly improve earnings per share, and will not have ‘any negative impact on our continued business,’ Holger said.
Travelzoo will now focus on the profitable North America and Europe businesses as well the recently acquired Jack’s Flight Club subscription service.
Related News Stories:
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darren Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Tricia Handley-Hughes of Inteletravel announces the location for the TravelQuest 2025 conference
BA pilot dies during layover
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Protestors now targeting Amsterdam cruise calls